Avation plc

LSE : AVAP


December 10, 2013 02:00 ET

Acquistion of One Airbus A320-200 Aircraft

RNS: AVAP
                                                                                                10 December 2013
                                                        
                                                   AVATION PLC
                                          ("Avation" or the "Company")
                                                        
                                                        
                                   ACQUISTION OF ONE AIRBUS A320-200 AIRCRAFT

Avation  PLC  (LSE:  AVAP),  the commercial passenger aircraft leasing company,  today  announces  that  it  has
exercised a purchase option to acquire one Airbus A320-200 (the "Aircraft") which it had previously leased  from
another  aircraft  leasing  company. In turn Avation will continue to lease the Aircraft  to  a  major  regional
airline.

The  purchase  of  the  Aircraft  was part financed by a new senior loan on commercial  terms  typical  of  such
transactions advanced by a new banker to the Company.

Commenting  today, Jeff Chatfield, Executive Chairman of Avation said: "The buyout of this aircraft is  in  line
with  the  Company's strategy of purchasing newer aircraft and is evidence of the Company's ability  to  attract
commercial finance from a wider universe of bankers in pursuit of that strategy".

                                                     -ENDS-

More information on Avation PLC can be seen at: www.avation.net


Enquiries:

Avation PLC                                                                                                     
Jeff Chatfield, Chairman                                                                        +44 7783 942 553
                                                                                                                
W H Ireland                                                                                                     
Harry Ansell / James Joyce                                                                      +44 20 7220 1666
                                                                                                                
Liberum Capital Limited                                                                                         
Chris Bowman / Richard Bootle                                                                   +44 203 100 2222
                                                                                                                
Blythe Weigh Communications                                                                                     
Tim Blythe / Eleanor Parry                                                                      +44 207 138 3204

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